Topic: Once Lightning Network is broadly available, Bitcoin will skyrocket again (Read 366 times)

I do not agree with you. Applying the lightning network will take time. Although new coins are likely to exceed the bitcoin, coins still have the reputation of not being able to beat the bitcoin. Previously, a lightning network was promised to be put into bitcoin from September. I want to do it quickly, there is very little good information this year. It would be better if he was up to $ 15,000. The masses or herds will always be punished by the market because they are dumb money. I do not understand why when the btc reaches nearly 20k by the end of December 2017, people rush in, in the last moment, when it crushes, they do not buy. This is the perfect time to buy, not when it reaches 20k.

well for me i think that bitcoin will soar again before Lightning Network is comprehensively embraced, at that point it will soar again when Lightning Network is adopted that will take years. it isn't something that can occur in two or three months. in any case, the bitcoin rally can come a great deal sooner than that. we have just wound up in a real predicament, you can't anticipate that cost will remain at the base for a considerable length of time!. Hyping couldn't care less a lot of the improvement, as long as there's one. Lightning Network sounds extraordinary, however there's still a considerable measure of work to be done to see it a steady system everyone can utilize. How about we trust that Bitcoin will recoup before LN,

I think that people have too much expectation from the penetration of Lightning Network. Lightning Network  is not a silver bullet and completely does not solve the problem of scalability. I think that Laitning is important, but at the moment I would not expect from this much.

Lighting can affect the price of bitcoin to rise, let's see what happens in the next few months. BTC is a peer-to-peer electronic system introduced by Satoshi Nakomoto in 2009 and can handle The bulk of transactions are without delay and there are no worldwide transaction fees, in all electronic money. The lightning network can take back lost ground in the market,

and with this news, I believe and believe bitcoin can not be easily beaten, and bitcoin will remain the world's number one digital money

The masses or the herd will always be punished by the market because they are dumb money. The 1% who believes in bitcoin, cryptocurrency and blockchain are the contrarians who go against the grain. I don't understand why when btc reached almost 20k last dec 2017 people came rushing in, in the very last moment, when it came crushing down, they are not buying. It still boggles me. This is the perfect time to buy, not when it reached 20k.

people always hype up everything a lot bigger than it really is. but that doesn't mean they are 100% wrong. it just means they are exaggerating. of course LN is not this big savior that solves everything and pushes bitcoin price to $100 million and it is not perfect. but it is not as bad and useless as you are trying to say it is either.

as for incentive and expressed interest, you can always check the network and the news to see what is going on. for instance here is a real business which has been accepting LN payments even though LN is not yet ready: https://bitcointalksearch.org/topic/bitrefill-has-received-more-than-1btc-in-payments-through-lightning-network-4164170 and they have reached 1BTC in payments about 2 months ago.
futuristic adoption will be exchanges, gambling sites and any merchant small and big, and i believe one of the biggest things will be using LN with Open Bazaar which makes it into a secure and fast and decentralized market on the internet.

I think lightning network is going to make bitcoin to another level, one of the major problem that made shop hesitate to adopting bitcoin will gone, it sure can make bitcoin find its glorious day again, once lightning network is being implemented, coin like litecoin wont be used anymore, ltc will become another alt coin that only being used by whales for pump and dump

OP is very explicit about what he meant.


All great. But is there any real demand for it? Any real business expressed their interest in implementing LN? All I see is "bitcoiners" pitching this idea (to newbies) of LN taking it to the moon, as if there were billions of $ waiting on the sidelines. ready to jump in as soon as LN is 'available'. Many could wake up to the brutal realisation that LN might simply never take off. And in my estimation that scenario is more likely to happen (unless the idea is for it to be "coming soon" forever).

Even taking all the technical hurdles (and flawed economy model) aside, you still have to ask yourself a question is there any real incentive for anyone to use it. The tough part is, you cannot grow it slowly, it's supposed to be a network, you need a critical mass for it to make sense.

The devs and community must accept the possibility of LN (or any other concept) failing in practice, cultist-like approach won't get you far.

The price will sky rocket when the regulations around the major countries will have some clarity and we do not need to wait for the lightening network to see the rise in my opinion, the real reason for the stagnation must be simply because of the lack of clarity from major economic nations and once that is over i am expecting a massive rally.

I really doubt whether litecoin will have the same strength when it reaches the same number of transactions and use case like bitcoin.

it is not about speculation it is about adoption instead.
with Lightning Network we can open up a lot of opportunities for accepting bitcoin, many people are complaining about confirmation times and fees and a lot of things they don't even understand. if these things go away with LN which is offering instant transactions with little to no fee, then we can see a lot more adoption. and that can help the "skyrocket".

since LN is not something that is going to be finished in a day, I think we will see the rise before LN and then with LN we will see another big rise.

Previously, a network of lightning was promised to be introduced into bitcoin from September. Really still the whole two months bitcoin will be practically without movement? I would like to do it quickly, there was very little good information this year. However, I do not think that bitcoin will rise to 20 000 - 25 000 dollars. It would be nice if he went up to $ 15,000.

Although new coin coins have the ability to exceed bitcoin, but still reputation coin coins can not beat bitcoin. Many people strongly believe in crypto, and they only believe in bitcoin alone, while the other coins still do not believe it.

Dont agree with you. Lightning network is a process not an instant move. BTC doesnt look it will hit 20-25k soon. I think bitcoin will do real move in the end of 2019 and 2020. Lightning network adoption will take time. Be patient buy bitcoin

Definitely yes bitcoin has a original creatures of all coins that so much follows almost of alts regarding of shares they must do the act precisely whatever thier agreement.

that is true about everything else that bitcoin has and does!

most of the altcoins are copy of bitcoin so they are also copying everything else that bitcoin does. your whole argument is like saying blockchain, cryptography,... are not a sole feature of bitcoin, litecoin,etc are also using it so ...!

LN is not a sole feature of bitcoin.. so.. altcoins like litecoin will also have bitcoins stuff. plus the things bitcoin doesnt.
you mentioned litecoin, so lets talk about that
litcoin, = segwit ltc1q addresses, litecoin using LN, litecoins faster blocktimes, litcoins cheaper onchain fee's, litcoins statistically higher than 7tx/s
 
seems too many people are hanging onto bitcoins viability IF LN arrives.. problem is. all other coins will get to use LN too. so bitcoin wont have a feature that only benefits bitcoin.

its like shouting "myspace will soon include playing videos on peoples profiles yeppie!!............ oh wait facebook, googlplus will also do this"..


dont hold all your hopes onto LN. its just a crypto side service for ALL coins. instead stop kissing devs asses for making people have to lock coins into multisig vaults to then use a service which then promotes that its cheaper to use.. and then if wantiing to settle, cheaper and faster to settle on an altcoin like litecoin..
many pople THAT ACTUALLY USE LN (not just read the reddit promotions) have run scenarios and found flaws. and also seen that once inside LN, returning back to bitcoins mainnet sems less appealing than alternatives. .. that includes the devs themselves

when devs themselves are literally screaming bitcoins mainnet cant scale, its slow and no longer innovative.. (yes they are the cause of the stagnation of innovation) you need to take a step back and really think about what has changed since 2013 and then run some actual scenarios... not just read utopian adverts on reddit

and then.. kick (kick not kiss) the dev's asses to get back to innovating bitcoins mainnet instead of these corporate side services

i don't know about skyrocketing just because of LN but what OP means is that LN is an improvement, it is offering something new that wasn't possible for bitcoin. with LN you can now have instant irreversible transactions, micro transactions, with virtually no fees. and it is making a level of scaling possible that was not possible any other way. this can make bitcoin process more TPS than any other centralized payment processor like VISA that people keep comparing bitcoin to sometimes.

that opens up a lot more possibilities for bitcoin as a currency, so it increases its adoption by a lot which in turn leads to price rise.

It should be that way and before the price has increased great we are better to buy first and I think that way a good chance and big profit we can have.

It will make sure that the flaw which became obvious in dec 2017 will be gone. Many people i know reject bitcoin simply because they do not want to wait this long ("i can use wire in this case") and because they think its too expensive (they only heared about it once it was like 15$ for a TXn).
Now of course we all know it better but these "simple users" as we might call them diplomatically are those who enter a lot of volume.
Once they know "instand + fees so low it doesnt matter" they will come back.

Also the instant payment will make this more compatible for fast trades like payment at a grocery store or whatever.